Found a discrepancy in your Annual Information Statement (AIS)? The Income Tax Department has a straightforward solution to help you fix it before you file your Income Tax Return (ITR) for Assessment Year (AY) 2025-26. Many taxpayers are encountering issues with their AIS, and the good news is, you’re not alone, and there’s a clear path to resolution.
How to Correct AIS Mismatches
The key is to submit feedback on each transaction you believe is incorrect in your AIS. This feedback should be accompanied by relevant supporting documents or facts.
Here’s a quick guide:
- Locate the Entry: Access your AIS on the e-filing portal and find the specific transaction that’s inaccurate.
- Add Your Feedback: Click on the “Optional” or “Add Feedback” option associated with that item.
- Provide Details: Clearly explain the mismatch and upload any documents (like bank statements, dividend slips, or transaction proofs) that support your claim.
- Track the Status: The Income Tax Department will verify your feedback. It’s crucial to keep an eye on the status in your AIS, where it will show as “Accepted” or “Rejected.”
Why is This Important?
Your AIS is a comprehensive record of your financial transactions relevant to taxes, including bank interest, dividends, stock trades, mutual fund dealings, and real estate transactions. If there’s a mismatch between what’s reported in your AIS and what you declare in your ITR, it can trigger income tax notices from the department.
By proactively correcting your AIS details, you can avoid potential future hassles and ensure a smoother tax filing experience. It’s essential to thoroughly review your AIS for accuracy and either correctly include all income in your ITR or utilize the feedback mechanism for any discrepancies.
The Income Tax Department shared this helpful reminder on July 16, 2025:
- You can provide feedback on every transaction in your AIS.
- Disputed feedback is shared with the source of the information for confirmation.
- The confirmation status (Accepted/Rejected) is displayed right in your AIS.
This initiative is a significant step towards improving compliance and taxpayer services. Make sure your AIS is accurate to make your ITR filing seamless!